Risk & Insurance Articles
Recent news, insights and information on risk management and insurance via Roman Galey.
Vacant Property Insurance
Owning a vacant building can pose serious liabilities because vacant buildings are more susceptible to vandalism, undetected repairs, fire, and other losses. If you own vacant property, it is advisable to purchase vacant property insurance, also known as vacant...
6 Types of Auto Insurance Coverage
If someone were to ask you what was covered under your auto insurance policy, would you be able to tell them? Like most of us, you would probably have a hard time confidently answering that question. Interpreting the various types of coverage offered under your auto...
Benefits of Commercial Auto Insurance
When it comes to running a business, vehicles—whether they’re leased, rented, or owned—are crucial for a variety of tasks. Whether transporting materials and tools to worksites, hauling goods for deliveries, or driving to meet clients—companies of all kinds rely on...
5 Holiday Party Best Practices
Workplace-sponsored holiday parties present a host of liabilities for organizations each year. Factors like choice of venue and employees’ religious affiliations can create friction even before alcohol is thrown into the mix. Below are some best practices for hosting...
U.S. Personal Auto Prices Up by Double Digits So Far in 2023
Seeking a return to profitability after a few years of underwriting losses, U.S. private passenger auto insurers continue to issue double-digit rate increases for drivers, according to a report from S&P Global. The average premium has gone up 11% year-to-date...
Cyber Risks &Liabilities
Wrongful Collection of Data Explaine Businesses of all sizes and sectors may be subject to unlawful data processing claims. According to the International Association of Privacy Professionals, lawsuits focusing on whether businesses lawfully collect and use personal...
Chimney Maintenance
In spite of the ambiance and relaxation that a fireplace provides, there are also inherent fire dangers. To combat the risk of fire or inhalation of dangerous carbon monoxide (CO) gas, it is important for you to make chimney care part of your home maintenance plan....
Protecting Your Business From Power Surges
Power surges, which are sudden spikes in electrical voltage, can wreak havoc on business equipment and systems. While they may seem like minor inconveniences, power surges can have a significant impact on a business’s bottom line. This article explores the dangers of...
5 Ways Cyber-Criminals are Weaponizing AI
Recent years have seen artificial intelligence (AI) surge in popularity among both businesses and individuals. Applications of this technology are widespread, but some of the most common include computer vision solutions, natural language processing systems, and...